Dec 26, 2012 5:30pm PST
as a result of the 2012 election it's already beginning to recede. >> reporter: so the fiscal cliff will be resolved? >> not right away. it will be resolved ultimately. the entrenchment of people who don't believe in government and the damage they have been able to cause because of that is diminishing. >> reporter: you haven't been particularly pugnacious today, but has it cost you, do you think, to have been as pugnacious as you have been over all these years? >> no. this is probably the media stereotyping. i can't think of any achievement i tried to accomplish. i guess people aren't as hypersensitive as that question would assume, by which i mean the notion thateople would not go along with an important public policy because i hurt their feelings, i don't think that's true. >> reporter: what are you going to do next? >> i'm going to write two books, i hope, one on liberalism, one on the history of the gay rights movement, give lectures for pay, do some tv commentary, and i hope teach. >> reporter: standup comedy. we once talked many years ago about, your fantasizing about it. >> no. that's too hard. that's too hard.
Dec 26, 2012 6:00pm PST
this right-- that we're probably not going to go off the fiscal cliff or if we do go off the fiscal cliff it will be a small package of some tax increases, some spending cuts, but it's not going to put the economy into a recession. so what i've been telling clients is let's just hold the line right here. let's not sell precipitously. let's wait until we see the outcome. but right now i think there's a real good chance that the outcome could be positive or will muddle our way through this significant problem. >> ifill: let me ask you a question which politicians kept bringing up during this last election which is the that the uncertainty is what makes people nervous in the business world. is this the kind of uncertainty they were talking about? >> it absolutely is. you mentioned before the retail sales numbers for this christmas season and the retail sales numbers for this christmas season were very poor, very soft. this is both individuals and individuals affecting companies making decisions and it's really largely driven by their significant uncertainty about what's going to be the